OIL - AFRICA DAILY

Norway's Statoil looks for balanced energy mix

Jun 08, 2017 (UPI)

"Statoil supports the Paris agreement," CEO Eldar Saetre said in a statement. "We believe that being able to produce oil and gas with lower emissions, while als...

Gazprom considering Japanese gas pipeline

Jun 08, 2017 (UPI)

Japanese companies are playing a role in the development of liquefied natural gas projects led by Gazprom in the Yamal Peninsula in the far north and on the Pac...

Economy improves in shale-rich Oklahoma

Jun 08, 2017 (UPI)

Oklahoma accounts for as much as 5 percent of the total national output of crude oil, making it one of the more significant oil producers in the nation. It's th...

Corporate spat suggests Senegal oil is the real deal

Jun 08, 2017 (UPI)

Cairn Energy and two Australian energy companies, FAR Ltd. and Woodside Petroleum, are leading in the efforts to capitalize on the oil potential off the coast o...

British oil and gas priorities not changed by election

Jun 08, 2017 (UPI)

British Prime Minister Theresa May faced calls to step down from her Labor Party rivals after the hold over the majority in Parliament for her Conservative Part...

Chinese oil imports up more than 10 percent

Jun 08, 2017 (UPI)

The General Administration of Customs reported that both imports and exports increased in China in May. Chinese exports were up 15.5 percent year-on-year, while...

EU renews concerns over Russian gas pipeline

Jun 08, 2017 (UPI)

European opposition to expanding the Russian natural gas pipeline through the Baltic Sea faded early this year after the European Commission found no legal grou...

Pressure increases on energy-rich Qatar

Jun 08, 2017 (UPI)

Saudi Arabia and its regional allies on Monday severed ties with Qatar because of its alleged support for terrorist groups like al-Qaida and the Sunni militants...

Oil slips in part on subdued growth forecast from Europe

Jun 08, 2017 (UPI)

Eurostat, the statistics office for the European Union, reported first quarter growth rose 0.6 percent from the previous term. For the 19 countries that use the...

Alberta reviews wildfire response measures

Jun 08, 2017 (UPI)

The government said it was adopting a list of 31 recommendations made by independent reviewers for how it responds to wildfires. Alberta lies at the center of C...

Statoil to drill in new Barents Sea prospect

Jun 07, 2017 (UPI)

The Norwegian Petroleum Directorate gave a drilling permit to Statoil to start drilling off the northern coast in a well designated 7219/9-2. "The drilling prog...

U.S. rig count doubled from last year

Jun 07, 2017 (UPI)

Rig counts serve as a loose metric to gauge the industry's interest in spending on exploration and production in a particular sector. A report last year from co...

U.S. eating into OPEC market share, Texas economist says

Jun 07, 2017 (UPI)

Members of the Organization of Petroleum Exporting Countries and other producers, like Russia, agreed in January to sideline the equivalent of 2 percent of glob...

Trafigura: Oil trade volumes up, but market is over-supplied

Jun 07, 2017 (UPI)

In an interim report for the period ending March 31, the Dutch company said demand for crude oil and refined products was strong, especially in the Asian econom...

A sense of OPEC divisions a blow to oil prices

Jun 07, 2017 (UPI)

Lines in the sand emerged at the start of the week when Saudi Arabia led a coalition of Persian Gulf allies in severing ties with Qatar over allegations of supp...

Nigerian crude oil exports threaten market balance

Jun 07, 2017 (UPI)

A spokesperson for the Shell Petroleum Development Company of Nigeria Ltd said the company lifted force majeure, a contractual condition related to circumstance...

More offshore oil openings from Trump draw criticism

Jun 06, 2017 (UPI)

The office of President Donald Trump issued a draft for public comment in the federal registry for seismic airgun blasting in the Atlantic Ocean. The practice i...

Revenue from petroleum up for Norway

Jun 06, 2017 (UPI)

The Norwegian government's statistics office reported total revenue for the first quarter at $37.4 million, up 2.5 percent from the same period in the previous ...

Some bearish trends setting in for crude oil

Jun 06, 2017 (UPI)

Crude oil prices declined in the previous session after rifts emerged among key members of the Organization of Petroleum Exporting Countries. Saudi Arabia on Mo...

Gas-rich Russia next to ponder impact of Qatari dust-up

Jun 06, 2017 (UPI)

Saudi Arabia coordinated with its regional allies to sever diplomatic ties with Qatar, a fellow member of the Organization of Petroleum Exporting Countries, bec...